The Minister of Economy and Sustainable Development of Georgia Levan Davitashvili said the country would maintain the trend of economic growth this year.
"The economic growth will be even higher in the coming years”, he added, while noting the latest forecast of Fitch Ratings, a global credit rating agency, which said the country’s economy would grow five percent in 2024 and 5.1% in 2025.
"You know that the rating is quite complex and includes a lot of economic factors. Among them, the main challenges are regional challenges, regional geopolitics, and we understand that in this case we in Georgia are less able to change this context.
But we have to improve our internal situation as much as possible in order to have a fairly good rating, which is an important message for investors”, - Davitashvili said.
To be informed, Fitch highlighted Georgia’s solid economic growth prospects in its report, noting the arrival of migrants following the outbreak of the conflict in Ukraine had made a positive spillover on economic activity.
The World Bank’s latest Global Economic Prospects report projected the Georgian economy to grow 4.8% in 2024.
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